Using our patented Combined Remediation Biomass and Bio-Product Production (CRBBP) Process, one plants and then multi-tasks very special Bio-Crops, to cost-effectively do good things, like capturing large amounts of CO 2, remediate air, soil and water, and then make circular economy bio-products from the harvested material, in which the captured carbon is sequestered.
Our CRBBP Process' multi-tasking features share the cost of growing the Bio-Crops across multiple tasks, making the cost of each task, including CO 2 capture, at a cost of approximately $50/ton, the remediation of air, soil and water, and then the making circular economy bio-products, lower than it would have been, if the Bio-Crops were grown for a single purpose.
Demonstrating traction for our CRBBP Process, ATP-MD, LLC, our Maryland operating affiliate, with help from the Exelon Foundation's Climate Change Investment Initiative, is commercializing an urban application of our CRBBP Process, in Baltimore.
In Baltimore, we will be extracting almost 4 times the atmospheric CO 2, as an equal acreage of trees, when Biomass Sorghum is planted outdoors, to remediate brownfield sites and to provide other environmental services, and roughly 9 times as much, when Biomass Sorghum is planted in our proposed Vertical Bio-Crop Farms (VBF's), to capture CO 2 from the flue gasses of large emitters and certain transportation infrastructure.
Also, our Virginia operating affiliate, ATP-VA, LLC, recently won the Clean Tech category of a Pitch Competition, sponsored by Dominion Energy's Innovation Center (DEIC), and has begun planning CRBBP Process projects, in several states, in partnership with Dominion Energy.
And, our California operating affiliate, ATP-CA, LLC, received a Social Impact Award from the University of California's 2021 Startup Innovation Challenge and is looking forward to developing projects in the Western States.
Lastly, our Pennsylvania operating affiliate, ATP-PA, LLC, was among the winners of the Philadelphia Gas Works/Temple University Pitch Competition, and has begun planning CRBBP Process projects, in Philadelphia, partnership with Philadelphia Gas Works.
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